Agree Realty (NYSE: ADC) is a REIT that owns over 1,100 retail properties in 46 states. Most tenants are nationwide chains with large-format areas, comparable to grocery, house enchancment, and common merchandise. This ties Agree’s long-term success to brick-and-mortar retail gross sales, however lots of its tenants have confirmed immune to recessions and e-commerce disruption.
Agree switched from quarterly to month-to-month dividends in February 2021. Previous to that, the REIT had steadily elevated its quarterly distributions from $0.40 per share in 2011 to $0.62 in January of this yr. The inventory now pays out $0.207 per share every month, producing a 3.7% yield. Adjusted FFO per share was 134% of the money distributed to shareholders within the quarter, so the belief is producing sufficient revenue to assist its present payout, even with the financial disaster.
Horizon Know-how Finance
Horizon Know-how Finance (NASDAQ: HRZN) offers loans to venture capital (VC)-backed start-ups. There aren’t many publicly traded corporations with that kind of technique, and most opponents are bigger with extra diversified operations. It is a pretty dangerous technique, however shrewd underwriting can ship super outcomes.